A level to watch closely!
AUDCAD is in a downtrend for a month and now is in the middle of the two years long range. This level acted as both resistance and support in the past. If it get broken then i am expecting a completion of an AB=CD pattern and a potential three drives pattern that will end at the 200 fib. extension where we also see the bottom of the range.
Like if you agree, follow and support!
Like if you agree, follow and support!
Note
It got rejected for one day with no continuation, i am still watching this for short, if we get the BO of support.Note
And the BO :) Congrats for those who took this one! lets see how it behave next week!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.